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You are thinking of purchasing a bond with a coupon rate of 6.0% and makes semiannual payments. The yield to maturity is 6.3% and the
You are thinking of purchasing a bond with a coupon rate of 6.0% and makes semiannual payments. The yield to maturity is 6.3% and the bond matures in 21 years. What is the market price of the bond if the borld has a par value of $1,000? AND Do you expect the price of the bond to increase OR decrease over the next year? To receive credit you must answer both parts correctly. $965.33, INCREASE $529.57, INCREASE 3956.04, DECREASE 3937.59, INCREASE 51,088.45, DECREASE
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
